Funding arb · Price arb /

SMCI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.067%

Price spread now: Extended against Bybit+0.154%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on Extended

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.154% dearer against Bybit than usual: you sell high and buy low, +$15 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SMCIUSDT	41.160	0	get 0.0000% / 8h	1h 59m	$1.0M	$656K	25x
Short	Extended SMCI-USD	41.223	0	get 0.0000% / 1h	59m 10s	$575	$10K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee ExtendedbpOrdersPrice spread, now +0.154%Rate

Funding earned: $0
Price spread: +0.154% → 0.000%: $15.41
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$0.59
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 1 min ago; Extended: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bybit live order book, 1 min ago	9.72 bp	114.8 bp −$115	238.4 bp −$2,384	doesn't fit	doesn't fit
Sell Extended no order-book sample	—	—	—	—	—

Extended: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

SMCI on 17 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective SMCI/USDC PERP	−0.0220%	1h	40.760	−0.972%	$4K	$95	12x	as long as short
BloFin SMCI-USDT	−0.0009%	8h	41.220	+0.146%	$79K	$9K	20x	as long as short
Extended SMCI-USDshort	0.0000%	1h	41.223	+0.154%	$575	$10K	10x
Binance SMCIUSDT	0.0000%	8h	41.226	+0.161%	$3.4M	$5.6M	20x	as long as short
Bybit SMCIUSDTlong	0.0000%	8h	41.160	long leg	$1.0M	$656K	25x
OKX SMCI-USDT-SWAP	0.0000%	8h	41.180	+0.049%	$690K	$1.2M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.160	0.000%	$1.6M	$1.9M	20x	as long as short
Bitget SMCIUSDT	0.0000%	8h	41.176	+0.039%	$1.3M	$541K	20x	as long as short
Variational Omni SMCI	0.0000%	8h	41.169	+0.021%	$67K	$63K	—	as long as short
GRVT SMCI_USDT_Perp	0.0000%	8h	41.180	+0.049%	$687	$157K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex SMCIUSDT	0.0000%	8h	41.220	+0.146%	$1.6M	$269K	10x	as long as short
QFEX SMCI-USD	+0.0028%	1h	41.210	+0.121%	$1.1M	$2.2M	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.211	+0.124%	$32K	$7K	10x	as long as short
KuCoin SMCIUSDTM	+0.0100%	8h	41.150	−0.024%	$459K	$544K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.250	+0.219%	$8K	$285K	10x	as long as short
SoDEX SMCI-USD	+0.0260%	1h	41.210	+0.121%	$129	$3K	10x	as long as short
Paragon para:SMCI	+0.0566%	1h	41.165	+0.012%	$158K	$265K	10x	as long as short